According to reports, British billionaire Richard Branson’s Virgin Galactic—a space tourism company, is set to go public later on this year.
Virgin Galactic teamed up with Social Capital Hedosophia, an acquisition company. The acquisition company reportedly invested $800 million into the merger, allowing them to have a stake of 49% in the company. Reports noted that Virgin Galactic would be the first publicly-listed human spaceflight firm. Along with that, it was revealed that the stock market listing is set to take place in the latter half of 2019.
The company reportedly has sold 600 tickets to those aspiring to be astronauts, amounting to a total of $80 million.
Source: cnbc.com
